XGD(SZ:300130) 智通财经网·2025-11-26 00:21Core Viewpoint - Shenzhen Xinguodu Co., Ltd. (New Guodu) has submitted an application to list on the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor. The company has sold over 50 million electronic payment devices globally over the past 15 years, establishing a presence in most countries and regions worldwide [1][4]. Group 1: Company Overview - New Guodu is a leading payment technology service provider in China, covering the entire payment technology industry chain. The company offers integrated end-to-end digital payment solutions through a dual-engine strategy of "payment hardware + payment services" [4][5]. - The company has established a diverse payment product and service system, catering to a wide range of ecosystem participants, including financial institutions, licensed acquirers, SMEs, and e-commerce platforms [4][7]. Group 2: Business Highlights - New Guodu has achieved a leading position in the Indian payment hardware market and is strategically expanding into high-value markets such as Europe and Japan. The company has sold over 50 million electronic payment devices globally and has over 1 million terminals connected to its NEXGO CLOUD platform [7]. - The company has developed a comprehensive "payment + operation" service system, serving over 20 million customers across various industries and scales, providing convenient payment and settlement services [7]. Group 3: Financial Performance - For the fiscal year ending December 31, 2022, the company reported revenues of RMB 4.314 billion, with a gross profit of RMB 1.038 billion and a net profit of RMB 445.54 million. The revenue for the first half of 2025 is projected to be RMB 1.527 billion [11][12][13]. - The gross profit margin for 2022 was 24.1%, increasing to 37.8% in 2023, and projected to be 33.7% in the first half of 2025 [13][14]. Group 4: Market Trends - The global payment industry encompasses both hardware and software dimensions, forming the operational foundation of modern payment ecosystems. The industry includes payment services provided by banks and third-party payment service providers [15]. - The Chinese third-party payment market has shown robust growth, with a projected total payment volume (TPV) increase from RMB 294.6 trillion in 2020 to RMB 331.7 trillion by 2024, reflecting a compound annual growth rate (CAGR) of 3.0% [16].